Stock Market Edges up cautiously

Wow! It was another day of selling in the morning and buying at the close. Our Market refuse to go into corrections. Anyway I thought the selling during trading hours was very healthy for a sustained uptrend. As soon as the market kicked off this morning, almost all online broker service was paralysed. Everyone was complaining and I fear a la Japan of panic selling through broker. Luckily order was restored just as there were rebound in prices. Now what really sets me thinking is, if retailers are selling, who are buying? Perhaps smart money waiting for retracement to add on their positions? Hmm..one of these days, i must talk to a fund manager and find out how they function.

Another thing i realise is the importance of "homework". If you have done your homework and know the reasons to why you buy the stocks, chances are, you will make very informed decision when you decide to sell. While i am honoured to be consulted on various stocks, but i'm really not that good in analysing a stock that i have no interest in. First thing first, i don't buy stocks that do not have a well defined uptrend, in a sector that is not likely to be in play, suspicious management, manipulative nature and "cold door" stocks. I also don't like to bottom fish as i haven't mastered the skill. So far i lost more than i won bottom fishing. I also avoid contra. If I can't afford a stock, i will wait for one that is suitable to my pocket to come along. Too many losses can dent your confidence. Hence I sincerely hope that you can forgive me if i'm not giving you any worthwhile comments on your stocks.

Look out for China stocks...they have risen considerably high...so not stop trading but trade with care! :)


Sembawang Marine Progressive charting, Nice volume actions with channel trading on a uptrend. FY05 results soon....watch out.


DataCraft: Progressive charting, Uptrend intact with earnings out tomorrow. Rally time! But then again not really unexpected since the CEO already mentioned a double digit growth.


Sunray: Progressive charting, healthy retracement in my opinion.

GrowMoney QuickPick

Celestial
Sunray
Pearl Energy
Tiong Woon
ASL Marine
Federal
Sembawang Kimtrans
Sembawang Marine
Zhonguo powerplus
Manwah
ChinaPetro

DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings. Copyright © 2006 GrowMoney Blog. All rights reserved.